Hudson Value Partners LLC Purchases New Holdings in DocuSign, Inc. (NASDAQ:DOCU)


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Hudson Value Partners LLC bought a new position in DocuSign, Inc. (NASDAQ:DOCU) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 3,925 shares of the company’s stock, valued at approximately $795,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. NewSquare Capital LLC grew its stake in shares of DocuSign by 71.4% in the fourth quarter. NewSquare Capital LLC now owns 120 shares of the company’s stock worth $27,000 after acquiring an additional 50 shares in the last quarter. Associated Banc Corp raised its holdings in shares of DocuSign by 202.3% in the fourth quarter. Associated Banc Corp now owns 130 shares of the company’s stock valued at $29,000 after buying an additional 87 shares during the last quarter. Ellis Investment Partners LLC raised its holdings in shares of DocuSign by 1,300.0% in the fourth quarter. Ellis Investment Partners LLC now owns 140 shares of the company’s stock valued at $31,000 after buying an additional 130 shares during the last quarter. Avion Wealth acquired a new position in shares of DocuSign during the fourth quarter worth about $33,000. Finally, Retirement Group LLC acquired a new position in shares of DocuSign during the fourth quarter worth about $37,000. 72.76% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on DOCU. Zacks Investment Research lowered shares of DocuSign from a “buy” rating to a “hold” rating in a research note on Thursday, April 8th. Wedbush upped their target price on shares of DocuSign from $270.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 17th. Robert W. Baird restated a “buy” rating and set a $280.00 target price on shares of DocuSign in a research report on Friday, March 12th. Citigroup began coverage on shares of DocuSign in a research report on Wednesday, March 3rd. They issued a “buy” rating and a $282.00 price target on the stock. Finally, Morgan Stanley increased their price target on shares of DocuSign from $280.00 to $290.00 and gave the company an “overweight” rating in a research report on Thursday, March 18th. Five analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. DocuSign presently has a consensus rating of “Buy” and an average target price of $271.48.

In related news, COO Scott V. Olrich sold 5,800 shares of the firm’s stock in a transaction on Wednesday, April 7th. The shares were sold at an average price of $206.07, for a total transaction of $1,195,206.00. Following the completion of the sale, the chief operating officer now directly owns 209,871 shares of the company’s stock, valued at approximately $43,248,116.97. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Enrique T. Salem sold 7,500 shares of the firm’s stock in a transaction on Wednesday, April 7th. The shares were sold at an average price of $205.49, for a total transaction of $1,541,175.00. Following the sale, the director now directly owns 144,309 shares of the company’s stock, valued at $29,654,056.41. The disclosure for this sale can be found here. In the last three months, insiders sold 393,031 shares of company stock worth $90,008,534. Insiders own 5.06% of the company’s stock.

NASDAQ:DOCU traded down $7.77 during trading hours on Monday, reaching $224.16. 78,577 shares of the company were exchanged, compared to its average volume of 3,195,209. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $43.61 billion, a price-to-earnings ratio of -196.55 and a beta of 0.88. DocuSign, Inc. has a 52-week low of $96.55 and a 52-week high of $290.23. The stock has a 50 day simple moving average of $211.35 and a 200 day simple moving average of $227.65.

DocuSign (NASDAQ:DOCU) last posted its quarterly earnings results on Wednesday, March 10th. The company reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.15. The company had revenue of $430.89 million for the quarter, compared to the consensus estimate of $407.95 million. DocuSign had a negative net margin of 16.83% and a negative return on equity of 30.14%. DocuSign’s revenue was up 56.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 earnings per share. On average, analysts predict that DocuSign, Inc. will post -0.68 EPS for the current fiscal year.

About DocuSign

DocuSign, Inc provides cloud based software in the United States and internationally. The company provides e-signature solution that enables businesses to digitally prepare, execute, and act on agreements. It also offers DocuSign CLM, which automates workflows across the entire agreement process; Intelligent Insights that use artificial intelligence to search and analyze agreements by legal concepts and clauses; Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce; and Negotiate for Salesforce that supports for approvals, document comparisons, and version control.

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Institutional Ownership by Quarter for DocuSign (NASDAQ:DOCU)

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